this post was submitted on 07 May 2025
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Environment
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Note that "wealthiest 10%" here means anyone that makes €42,980 ($48,675 USD) or more. Which includes most "middle class" Americans.
I just realised that we should also keep in mind that the time-frame of this study is several decades, so we are talking about about an average through the decades.
Which in my area is almost $20,000 below livable wage. I get that this not not true across the board, but reading the study and they jumped through so many hoops to get the data they wanted. They could have easily adjusted things regionally, but I bet that would have mucked with having a simple number to publish
Yeah, I just think it's wild to think that you can be in the world's wealthiest 10% and still be living paycheck-to-paycheck in the US. Although, as you pointed out, their methodology for reaching that number may be a bit screwy.
Oh, for sure eye opening. And looking further in the study was even like, hey, our numbers are not great, but here is a method we could use if we had better numbers. It's the kind of paper you see that might lead to an actual study, but not meant to be definitive